Tags: Industrial and Commercial Abatement Program

New York City Extends 2017/18 ICAP Program

New York City Extends 2017/18 ICAP Program

By Tynesha Goode New York City has extended the Industrial and Commercial Abatement Program (ICAP) until March 1, 2022. The program, which replaced the Industrial Commercial Exemption program (ICIP), provides for a partial abatement of taxes for eligible industrial or commercial buildings that are constructed, modernized, rehabilitated, expanded, or otherwise improved…. View more